Avalanche Treasury Debuts on Nasdaq Under AVAT

Avalanche Treasury, a treasury-focused company linked to AVAX, began trading on Nasdaq on Thursday, June 12, under the ticker AVAT, according to BlockBeats. The listing follows a SPAC merger with Mountain Lake Acquisition in a deal valued at $675 million. Rather than simply holding AVAX, the company says its approach is to deploy capital actively into infrastructure and applications across the Avalanche ecosystem. Avalanche Treasury currently holds about 15 million AVAX, equal to roughly 3.5% of the token's circulating supply.